Loan
Modification

For consumers who cannot make their existing mortgage payment (but can make some payment) and lenders who would rather receive a mortgage payment than seize a property, there is a middle ground that can work for both sides: a loan modification, where an existing loan is restructured in a way that works for everyone, possibly changing the existing loan length, interest rate, and loan type. Since lenders are facing unprecedented loan defaults they are expanding their loss mitigation department and are willing to negotiate with borrowers who haven't defaulted on their loans, but anticipate an inability to pay in the near future.

Our attorneys have deep experience in finding solutions and negotiating with lenders and helping restructure loans. Every lender and situation is different, government regulations are constantly changing, and experience is critical. Before you consider a loan modification, please let us help with information and answers.